What is TRON (TRX)? - Complete Cryptocurrency Guide
TRON (TRX) is a decentralized blockchain platform designed for fast, low-cost transactions. With its high throughput and minimal fees, TRON is ideal for gaming, trading, and everyday crypto use at Pitexbet. Learn more about blockchain technology, Ethereum (another smart contract platform), and how to buy crypto on site.
What is TRON (TRX)?
TRON is a blockchain platform that aims to build a free, global digital content entertainment system. TRX is the native cryptocurrency used for transactions, smart contracts, and staking.
Key Characteristics:
- High Throughput: Up to 2,000 transactions per second
- Low Fees: Often less than a penny per transaction
- Smart Contracts: Supports dApps and DeFi
- DPoS Consensus: Delegated Proof of Stake for efficiency
Brief History
- 2017: Justin Sun founded TRON Foundation, ICO raised $77.71 million
- 2018: Mainnet launched, migrated from ERC-20 to native blockchain
- 2019-Present: Continued growth, expanded ecosystem, increased adoption
Key Features
High Throughput:
- Up to 2,000 TPS (transactions per second)
- One of the fastest blockchain networks
- Ideal for high-frequency transactions
Low Transaction Fees:
- Extremely low fees (often <$0.01)
- Perfect for micro-transactions
- Great for frequent gaming deposits/withdrawals
Smart Contracts:
- Supports dApps and DeFi protocols
- TRC-20 token standard
- NFT marketplaces
- Automated trading systems
TRC-20 Tokens:
- USDT (TRC-20) - Tether on TRON network
- Various DeFi tokens
- Custom token creation
Using TRON at Pitexbet
Depositing:
- Log into Pitexbet account
- Navigate to wallet → Deposit
- Select TRX (TRON)
- Copy deposit address
- Send TRX from your wallet
- Wait for confirmation (usually seconds)
Withdrawing:
- Log into Pitexbet account
- Navigate to wallet → Withdraw
- Select TRX
- Paste withdrawal address
- Enter amount and confirm
- Funds processed quickly
Benefits:
- Fast deposits and withdrawals
- Very low fees
- Quick confirmations
- Perfect for frequent transactions
TRON vs Other Cryptocurrencies
TRON vs Ethereum:
- TRON: Faster, much cheaper, less established
- Ethereum: Larger ecosystem, more dApps, higher security
TRON vs Bitcoin:
- TRON: Much faster, lower fees, smart contracts
- Bitcoin: Longer track record, higher market cap, more widely accepted
TRON vs USDT:
- TRON (TRX): Native cryptocurrency, variable price
- USDT (TRC-20): Stablecoin pegged to USD, stable price
TRON Wallets
Recommended Wallets:
- TronLink: Official TRON wallet, easy to use
- Trust Wallet: Multi-currency wallet with TRX support
- Ledger/Trezor: Hardware wallets for maximum security
- Exchange Wallets: For easy buying/selling
Related Guides
- What is Bitcoin (BTC)?: Compare with Bitcoin
- What is Ethereum (ETH)?: Compare with Ethereum
- What is Tether (USDT)?: Learn about USDT on TRON
- What is a Cryptocurrency Exchange?: Learn about exchanges
Conclusion
TRON offers fast, low-cost transactions perfect for gaming and daily crypto use. With minimal fees and quick confirmations, TRX is an excellent choice for deposits, gaming, and withdrawals at Pitexbet.
